Europe must avoid ‘disaster’ of trade decoupling as it eyes China tariffs, EU’s economics chief says
“As far as Europe is concerned we need a more mature attitude in our trade,” EU economics head Paolo Gentiloni told CNBC.
CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago
The consumer price index was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.
Singapore’s Lawrence Wong sworn in as new prime minister — the first leadership change in 20 years
Lawrence Wong takes takes over as prime minister from his predecessor Lee Hsien Loong, who has led the nation state for the last 20 years.
Sony-backed computing startup heads for rare IPO in sidelined London stock market
Raspberry Pi, which makes tiny single-board computers, said in a filing that it is considering an initial public offering on the London Stock Exchange.
GameStop, AMC tumble as meme stock rally fizzles after just two days
GameStop and AMC shares fell as the meme stock trading frenzy showed signs of fizzling early on its third day.
Apple co-founder shares the best strategy his parents used while raising him: I’m ‘the same way with my own kids’
Steve Wozniak says he became happier and more successful because his parents taught him to forge his own path and trust his gut.
Jamie Dimon urges the U.S. to deal with its deficit sooner rather than later
JPMorgan Chase CEO Jamie Dimon on Wednesday urged the U.S. government to reduce its fiscal deficit sooner rather than later.
Copper futures hit record high as data center build-up, EV growth fuels demand
Copper futures on the NYMEX hit a record $XXX per pound, according to data from FactSet. The metal has gained more than 25% so far this year.
Commerzbank reports better-than-expected 29% rise in Q1 net profit
Germany’s Commerzbank said on Wednesday that net profit rose 29% in the first quarter, its strongest quarterly profit in a decade.
Baidu’s robotaxi unit expects to turn profitable next year
The projection comes as Elon Musk has emphasized his plans to build up Tesla’s robotaxi efforts amid a decline in revenue.
